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Nerd Alert! Facebook Valued at $50 Billion, Zuckerberg Doubles Wealth

While Apple was valued at $300 billion today, the bigger news was Facebook's new market evaluation. Thanks to a $450 million investment from Goldman Sachs and a $50 million investment from Russian investment firm Digital Sky Technologies, Mark Zuckerberg's little social network is now valued at $50 billion. That's more than eBay, Time Warner, and Yahoo!. Even crazier is the effect the deal may have on Zuckerberg. When Facebook was valued at $23 billion, homie was worth $6.9 billion. Now reports are saying he could double that amount to place him right underneath the Google cofounders. And the rich get richer. [NY Times]

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